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All mortgages include a guarantee that covers the lender against unpaid bills. If it is a deposit, it is not always refunded.
Anticipation does not always pay off! Éric realized this in July 2022, when he decided to prepay his mortgage, taken out at the Banque Populaire. “When contacting the bank, an agent replied that I would not recover my bank guarantee, which still amounts to €2,500, on the grounds that I repaid in advance”he is surprised, when he has had no payment incident in twelve years.
This deposit corresponds to the guarantee required by the bank, when setting up the mortgage file, to cover itself in the event of non-payment. It can be a mortgage on the property purchased or, as most often happens, a deposit from a specialized company, acquired in return for the payment of a certain sum.
Crédit Logement returns approximately 70% of the deposit
Among these companies is Crédit Logement, which belongs to all the French banks or those of the subsidiary of the bank granting the loan. In the first case, Crédit Logement returns approximately 70% of this sum, once the entire loan has been repaid, in advance or not.
But Eric seems to have opted for the second option. Admittedly, the amount requested by the banks is a little lower when signing, but it is not possible to recover it at the end of the repayment of the loan…
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2023-05-22 09:20:06
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